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These days, finding an affordable place to live in the Elk Valley area can be challenging. Home prices in Elk Valley are now at a median cost of $150,213, lower than the Tennessee average of $315,131.
The average cost of rent is $646/mo in Elk Valley, primarily driven by the current value of real estate in the Elk Valley area. In Elk Valley, 9.74% of households rent, and 69.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elk Valley is $3,501 per month. Households that rent pay about 18.47% of their income on rent here. Elk Valley’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stinking Creek, TN: equally priced homes
- Newcomb, TN: less expensive homes
- Stanfield, TN: less expensive homes
- Ivydell, TN: equally priced homes
- Jellico, TN: equally priced homes
- Pioneer, TN: less expensive homes
- Terry Creek, TN: less expensive homes
- Cotula, TN: less expensive homes
- Duff, TN: less expensive homes
- Lafollette, TN: higher priced homes
Cities with Similar Populations
- Wilbur, WV: less expensive homes
- Dentville, MS: equally priced homes
- Denney, KY: equally priced homes
- Dell, MT: higher priced homes
- Delina, TN: higher priced homes
- DeLancey, PA: equally priced homes
- Deerton, MI: higher priced homes
- Deckers Point, PA: equally priced homes
- Dean, LA: less expensive homes
- Davisville, AL: less expensive homes
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